Over the last seven years, the Environmental Protection Agency (EPA) has carried out what the Wall Street Journal calls “a regulatory spree unprecedented in human history.” And while this regulatory initiative would damage the overall American economy, Texas—the nation’s energy powerhouse—sits in the crosshairs of the EPA’s crusade. Below are some of the regulatory attacks on Texas that, in addition to the Clean Power Plan, are negatively affecting the welfare of Texans.
Tight Grid Conditions in April and May Highlight the Risk of Soaring Electric Bills for Texans
The Electric Reliability Council of Texas (ERCOT) region will likely see real-time market prices approach the regulatory cap of $5,000/MWh on Wednesday, not long after price spikes on April 28 and April 16. The fact that the market is showing signs of scarcity in the spring, long before the heat of this summer or the...